Under the condition that country X can manufacture cars more cheaply. An absolute advantage devours in a country if it makes good over alternative country and uses a smaller amount of wealth to yield that good. The result of a country’s natural legacy is the absolute advantage. Another example is extracting oil in Saudi Arabia is pretty much just a matter of drilling a hole. Generating oil in other countries can is essential substantial exploration and costly technologies for drilling and extraction if certainly they have any oil at all. The United States devours about the richest farmland in the world which manufacture it at ease to grow corn and wheat than in many other countries. Guatemala and Colombia partake environment particularly suitable for growing coffee. Chile and Zambia have about of the world’s richest copper mines. As some have claimed that geography is destiny. Chile will bargain copper and Guatemala will harvest coffee and they will trade. When each country has a product others necessity and it can be manufactured with fewer resources in one country over another then it is easy to visualize all parties do good from trade. Thinking about trade just in relations of geography and absolute advantage is incomplete. Trade actually happens because of comparative advantage.
Answer:
democratic/participative
Explanation:
Democratic leadership is also called participative leadership. In this type of leadership the supreme leader involves group member in decision making process. This foster participation, exchange of ideas which generates collective intelligence. it helps in not only making better decision making but also generates employee satisfaction by generating feeling of sense of belongingness.
The inference is that the contractor will prevail because the homeowner agreed to the price increase.
<h3>What is an inference?</h3>
It should be noted that an inference simply means the conclusion that can be deduced based on the information given.
In this base, inference is that the contractor will prevail because the homeowner agreed to the price increase.
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Answer:
The answer is $ 257.70
Explanation:
PV= Σ of discounted payments
PV = 100(1.08^-1) + 100(1.08^-2) + 100(1.08^-2)= <u>$ 257.70</u>
